Readystate Asset Management LP Buys Shares of 29,719 Inv Vk Mun Opp (NYSE:VMO)

Readystate Asset Management LP purchased a new position in shares of Inv Vk Mun Opp (NYSE:VMO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 29,719 shares of the investment management company's stock, valued at approximately $282,000.

Several other hedge funds also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC acquired a new stake in shares of Inv Vk Mun Opp in the 1st quarter worth $29,000. Formidable Asset Management LLC acquired a new stake in shares of Inv Vk Mun Opp in the 1st quarter worth $179,000. Stratos Wealth Advisors LLC increased its holdings in shares of Inv Vk Mun Opp by 3.0% in the 1st quarter. Stratos Wealth Advisors LLC now owns 89,695 shares of the investment management company's stock valued at $851,000 after purchasing an additional 2,644 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Inv Vk Mun Opp by 51.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 39,664 shares of the investment management company's stock valued at $376,000 after purchasing an additional 13,524 shares in the last quarter. Finally, Mackay Shields LLC increased its holdings in shares of Inv Vk Mun Opp by 1.2% in the 1st quarter. Mackay Shields LLC now owns 207,705 shares of the investment management company's stock valued at $1,971,000 after purchasing an additional 2,367 shares in the last quarter. Institutional investors and hedge funds own 42.57% of the company's stock.

Inv Vk Mun Opp Stock Performance

Shares of VMO traded down $0.03 during trading hours on Monday, reaching $9.00. The company had a trading volume of 65,624 shares, compared to its average volume of 251,903. The firm has a 50 day simple moving average of $9.11 and a 200-day simple moving average of $9.39. Inv Vk Mun Opp has a 12-month low of $8.81 and a 12-month high of $10.39.

Inv Vk Mun Opp Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.34%.

Inv Vk Mun Opp Company Profile

Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.